Business Purchase Agreement with Guarantee (pandemic/epidemic/public health emergency warranties) 
A business or asset sale is the transfer of assets which make up a business from a seller to a buyer. This Business Purchase Agreement (BPA) includes a guarantee and has been drafted to consider the implications of a pandemic, epidemic or public health emergency and the associated legal and business risks involved in an asset or business sale taking place during such a time.
With Covid-19 now firmly in the rear view mirror, this template has been updated and all references to Covid removed. However it is possible that a business or asset sale may occur during a time of a generalised or localised public health emergency and this template seeks to cater for such a situation.
This template is based on our BPA with a guarantee and therefore provides comfort to the buyer that the guarantor will guarantee the performance of the seller under the BPA, and includes additional warranties to cover the business fallout and uncertainty created by a pandemic/epidemic/public health emergency type situation. The extent to which a business may be affected will vary from business to business, but most buyers will want increased warranty protection considering the potential impact to employees, health and safety, customers and supply chain, legal and regulatory compliance and business continuity.
The warranties included in this template are only a starting point and customers may need to add to them depending on the business concerned.
Business sales can be complex, and this template has been specifically drafted to be short form and designed for a relatively simple transaction.
This template includes a guarantee but importantly, other than provisions related to VAT, does not include any tax provisions or tax warranties. Independent tax advice must be sought.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
Business Purchase Agreement with Guarantee (pandemic/epidemic/public health emergency warranties) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.